Anyone know when interest is paid for the year on Cahoots 5.1% savings account?

Also anyone know any better savings accounts, preferably one that pays monthly?

cahoot pays monthly gross 4.98

Halifax online saver pays yearly gross 4.9


I prefer monthly to yearly as then you can clearly see what is happening.

i hate transferring between 2 different banks though because it takes 5 days and you lose 5 days interest which could add up.

Also play in your cash mini ISA (3k a year) ! halifax has one.

Dont know what icici pays but that is meant to be 5.4.

Del,

Thanks for the info, sure it said it paid annually at Cahoots site. Also got a section of savings in an ISA too.

well i have a cahoot account and it pays me monthly - doubt they would have changed

Cahoot savings




I chose them because they pay monthly there fore i can work out what i should be getting in other accounts too.

Ive oonly had it a few months and am waiting to see what a real months interest should be.

I could use a calculator but not the same!

I also have a Cahoot account (opened July 04) and it pays 5.65% annually. Got the interest last month. Probably an introductory offer - though I have not had any communication to say they are changing it, which I should have done, I guess.

The cahoot savings account rates apply as follows:
5.10% A.E.R. (4.98% gross p.a.) for credit balances under £250,000

Cahoot Website

I want 5.65% - How on earth did you get that!!

The 5.65% was indeed a guaranteed offer (min of 5.5%) which Cahoot offered last year. You should have received an email a month or so ago from Cahoot (check your registered email with them) to say that they are holding the rate at 5.65%!!

Unfortunately not available on savings accounts for newbies